The Process of Financial Planning: Developing a Financial Plan

by Ruth H. Lytton, John E. Grable, Derek D. Klock

The Process of Financial Planning: Developing a Financial Plan, Second Edition, builds on four cornerstones: the profession, fundamental tools, the systematic financial planning process, and the plan as a product of financial planning. This edition of the text integrates these cornerstones into a sound educational approach that has been refined to meet the needs of students learning both the process of financial planning and the tasks associated with writing and communicating a plan to clients.

494 pages, Paperback

First published November 1, 2006

Reviews

[Henry Bolin · Rating 3 out of 5]

As someone new to the financial planning industry, I found The Process of Financial Planning helpful for understanding the field. The authors give a compelling history of financial planning, an account of its origin, an overview of the laws and regulations surrounding it, and an overview of the process with clients. Each of these sections are valuable in their own right.

However, I think the book would benefit from majoring on the process with clients and minoring on the history and regulations. Slogging through the regulations to get to the more practical parts was a chore, although it is of utmost importance that we know industry regulations and do our work with a high moral standard.